CNG dispenser Market Industry 2020 Global Market Research Report 2020 report is a professional and in-depth study on the market size, growth, share, trends, as well as industry analysis.
Global CNG Dispenser Market Highlights
The global CNG dispenser market is estimated to expand at 7.70% CAGR during the forecast period. The growing demand for CNG dispenser is attributed to the low running cost of natural gas vehicles. Moreover, stringent emission policies are also driving the market for CNG dispenser. One of the major restraints of the global CNG dispenser is easy availability and transition to biofuels which can hinder the market for CNG dispenser.
CNG dispenser is an alternative to conventional fuel dispenser. It shows the pressure and temperature going into a tank and then displays that how many gasoline gallon equivalants (GGEs) are going into a vehicle. In order to reduce the environmental footprint and decrease the fuel cost, the operators are moving towards natural gas.
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There are mainly two types of CNG dispenser, mainly, fast fill and time fill. Fast fill dispenser are suitable for light-duty vehicles such as cars and vans, whereas time fill dispensers are designed based on the requirement. All these factors influence the cost of installation of both the types.
Competitive Landscape:
· Bennett (US),
· Censtar (China),
· Dover (US),
· FTI International (Canada),
· Fortive (US),
· Compac (US),
· Kraus (US),
· Lanfeng (China),
· Sanki (China),
· Parker (US),
· Scheidt & Bachmann (US),
· Tatsuno (Japan),
· Tulsa Gas Technologies (India),
· WEH (Germany).
Segmental Analysis
The global market for CNG Dispenser Market has been segmented on the basis of type, distribution, and flow rate.
The types of CNG dispensers available in the market are fast filling and time filling. The distribution method of CNG dispensers includes company-owned & company-run, company-owned & dealer-run, and dealer-owned & dealer-run. The company-owned & company-run segment is estimated to account for the largest share owing to the increased profitability.
Based on the flow rate, the global CNG dispenser market has been segmented into up to 50 kg/min, up to 15 kg/min, and up to 100 kg/min. The up to 100 kg/min segment is predicted to lead the market share over the review period, and record the highest growth rate, owing to the requirement of light-duty vehicles for quick tank refills. Moreover, owing to the operational improvement program for light-duty vehicles has resulted in cost reduction, and complexity in line is expected to fuel the growth of the CNG dispenser market.
Regional Analysis
On the basis of region, the global CNG dispenser market has been segmented into the Europe, Asia Pacific, North America, ,and the rest of the world (RoW).
North America is one of the major regional markets in the global CNG dispenser markets across the globe and is likely to witness remarkable growth over the review period. This is attributed to the government measures being undertaken for curbing emission levels in the region, especially in developed countries such as Canada, and the U.S., which established automotive markets.
Asia Pacific is one of the most important regional markets for CNG dispensers is expected to record a significant market share during the forecast period. Extensive diversity of industry verticals, including manufacturing, mining, oil & gas, textiles, and automation in the region, is projected to drive the CNG dispenser market in the Asia Pacific region. Asia Pacific is presently the primary market for CNG dispensers, followed by Europe.
India is one of the significant country-wise contributors across the globe, for the global CNG vehicles market with nearly about 60,000-70,000 units of CNG vehicles, which turns to drive increasing demand for CNG dispenser. The government has taken initiatives in favor of the growth of the CNG dispensers market, by exempting CNG vehicles from the strict regulatory reforms to control pollution, resulting in the growing adoption of CNG fitted cars.
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